CFTC to write new crypto rules after Congress stalled on CLARITY Act

A bill called the CLARITY Act, which would have set clear rules for crypto in the U.S., didn't pass in Congress. So the CFTC (a federal agency that regulates certain financial markets) says it will start making its own crypto rules instead, and its chairman, Selig, says this is just the start of more to come.

Clearer rules from regulators can make it safer and less confusing for exchanges and investors to operate, even without a full law from Congress.

Nothing to act on right now, this is a regulatory process that will unfold over time. Worth keeping an eye on as actual rules get proposed.